Mutual funds are one form of collective investment which provide investors with a simple and economical way to invest in the stock or the bond markets and have access to professional investment management. There is nothing complicated about the way the funds operate. Investors pool their money in a fund which is run by professional managers who invest the cash in a wide selection of stocks or bonds. Investors' contributions to the pool are divided into units and the value of each unit reflects the value of the shares of the companies in which the fund has invested. When new investors put money into the fund more units are issued, and added to the fund.

Investing in the stock or the bond markets through mutual funds has four major advantages over organizing a personal portfolio of shares or bonds.

Spread of risks: Investors can secure a much wider spread of risk than most could manage to achieve out of their own resources. To take an extreme example, if you put all your money into one company, and this goes bust, you risk losing everything. A general mutual fund, in contrast, cannot invest more than 15% of its money in any one share. Most funds divide investors' cash between 20 to 30 shares.

Professional investment management: Investors buy professional investment at a reasonable cost. Decisions about which company or industry to back, and when to buy or sell shares or whether to accept a rights issue, are taken by managers who have access to detailed research from a large number of stock brokers and possibly from their own research.

Paper work reduction: The paper work of managing an individual portfolio of shares and keeping adequate records is greatly reduced.

Tax saving: All kinds of incomes (dividend, capital gains or interest) received by mutual funds in Thailand are tax exempted. Individual investors who choose to sell their funds with capital gain shall also gain the full tax privilege while the institutional investors who invest in funds which pay dividend may gain 50-100% tax saving depending on types of the investors.

To ensure that we shall have secured retirement in our old age, the government allows Asset Management Companies to establish "Retirement Mutual Fund (RMF)" as a vehicle for investors to regularly and voluntarily invest for their retirements. Investing in RMF, the investors shall not only access to stock and bond markets with professional management, but also enjoy several tax benefits as follows; Firstly, at the fund level, all incomes from investment of the fund are tax exempted. Secondly, the individual investors can use their annual purchases of the fund as a tax deduction. The tax allowance is as high as 15% of the annual income but must not be over Baht 500,000. If you have your provident fund, the purchase of RMF and your contributions in your provident fund must not exceed Baht 500,000. Thirdly, the investors can redeem all or part of their funds in RMF with full tax exemption if they sell the fund after 55 years old and regularly invest in the fund for not less than 5 years.

NAV (Net Asset Value) is the net asset value or total values of all financial instruments that the
mutual fund 's portfolio invested in, the value would be calculated from the closing price of end of the
day or by" mark to market " method in case there is no defined closing price for any financial
instrument. The daily NAV per unit (total net asset value divided by total unit of investment) will be
calculated and be announced through the public to inform unit holders about their present fund's
value.

The small NAV per unit does not mean we can save cost of our investment, the significant issue is
the potential growth of the fund that we select, so, the NAV per unit is does not matter than its
potential to grow.

The benefit that investor will receive is different along each fund's investment policy. For investors
who invest in the fund with dividend policy, they would gain benefit in term of certain income, that is,
the dividend that would be paid their dividend periodically or when the fund have satisfying
performance. On the other hand, the fund without dividend policy will be rewarded in term of
accumulated growth, meaning that the capital gain from investment will be reinvested and generate
greater yield afterward.

According to the fact that it has to be some real expenses incur during managing the fund
portfolio, the percentage of management fee will be fixed and declared to the investors in the
prospectus, and calculated by deducted from the fund performance.

Tailor-made Investment Policy; We will manage the fund in accordance with the tailor
made investment policy deriving from the risk/return profile of individual customer. The
customer can also get involve in setting his own invest limit or guideline with the help of
our experienced fund manager.

Professional management Services; Your money shall be managed by the team of
professional fund managers with a long-term experience in asset management.

First Class Services; Since you are one of the most important customers, your account
officer is ready for servicing you by providing key information about your investment,
market movement, as well as the portfolio report any time you want.

By law, we need to appoint a custodian to keep all of your assets separate from our company's
assets. When your fund manager buy or sell securities in your portfolio, he will send the transaction
information to the custodian and instruct the custodian to pay the money to the counter party against
the receipt of the assets and vice versa.

Fund committee must submit fund regulations that need to be amended to the Securities Exchange and Commission ("SEC") who is the Registrar of Provident Fund Business by using SEC's application form. And such amended regulations shall not be in effective until it received approval from the SEC.

The SEC shall not register the fund regulations which is illegal or regulations amendment that lessen the benefit of provident fund members. For example, the amended regulations that reduce the company's rate of contribution or the new vesting scheme that reduce the benefit of members upon retirement from provident fund.

That member can transfer his provident fund from one fund to the new fund of new employer provided he is qualified according to fund regulations, he must also has continuous working day between the ex-employer and the new employer. Moreover.